Union, MO—63084
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Union, MO
As of Oct '25, the median home price in Union, MO is $251,000, with a year-over-year change of 3.8%. This indicates that home prices in Union, MO are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 3.8% |
| Single Family | $255,000 | 3.7% |
| Condos | $190,000 | 4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $131,000 | 0.8% |
2 Bed | $190,000 | 4.4% |
3 Bed | $265,000 | 3.9% |
4 Bed | $316,000 | 3.9% |
| 5 Bed | $351,000 | 3.8% |
% of Housing Stock
Rental Trends — Union, MO
As of July '25, Rentcast reports the average rent in Union, MO is $1,140, with a year-over-year rent change of -18.0%. Per bedroom, the median rent as of July '25 in Union, MO is 1-bedrooms: $700, 2-bedrooms: $1,240, 3-bedrooms: $1,420. The most common rental property sizes in Union, MO are 2-bedroom and 3-bedroom, accounting for 54.0% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $525 | $700 |
| 2 Bed Rent | $1,250 | $1,240 |
| 3 Bed Rent | $1,200 | $1,420 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Union, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Union, MO is 56. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $273,000 | 2.0% |
Listing Count | 77 | 11.0% |
| Listings as % of Homes | 0.6% | 11.0% |
Days on Market | 56 | -13.0% |
Demographics — Union, MO
As of the latest ACS Survey released in 2023, Union, MO has a population of 20,500, which has increased by 6.8% over the past 5 years. Union, MO is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,500 | 6.8% |
% Under 18 | 23.4% | -9.3% |
% Seniors | 15.9% | 15.2% |
% WFH | 8.3% | 207.4% |
% w/ College Degree | 21.1% | 14.1% |
As of the latest ACS Survey released in 2023, Union, MO is a predominantly white area, with 87.9% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Union, MO is hispanic, making up 2.6% of the population. Foreign-born residents account for 1.2% of the population in Union, MO, and this percentage has decreased by 33.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.9% | -8.8% |
% Black | 1.2% | 33.3% |
% Hispanic | 2.6% | 62.5% |
% Asian | 1.1% | 120.0% |
% Foreign Born | 1.2% | -33.3% |
Mortgage and Risk — Union, MO
According to HUD data as of 2023, there were 262 mortgage originations in Union, MO, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Union, MO. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 262 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Union, MO
Union, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 136 |
Total Units Section 8 | 124 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $355 | $525 | $880 |
| 2 Bedroom | -$160 | $1,250 | $1,090 |
| 3 Bedroom | $210 | $1,200 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Union, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $251,000 |
| Median Household Income | $72,300 |